How to benefit from buying from abroad, yet still manage to reduce the risks

Purchasing some of your requirements from overseas can be an important way of broadening your supplier base and of benefiting from real savings in cost.

Even allowing for transport, currency and importation expenses the total cost of procurement can often be very attractive and can allow you to purchase to your exact specification.

Many UK procurement professionals avoid purchasing from overseas in order to “keep things simple". They believe it is much more difficult to deal with overseas suppliers than to stick with the local UK, market.

This can mean lost opportunities.

This 2-day course is intended for experienced UK purchasing professionals who are
interested to explore the opportunities overseas sourcing can bring.

The course will allow participants more readily to understand the processes involved in import trade. It can also
be useful to those newer to procurement processes, just so long as they have a sound basic understanding of the subject.

Topics covered will include:

Buying under Incoterms 2010

Choosing the correct term of delivery

Preferential Trading

How to lower your Purchase price through preferential Trade.

Be proactive not reactive, identify:

The correct Import Commodity Code

Rate of Import duty

Tariff Quotas

Anti Dumping duties

Import Licence requirements

Marine Insurance

Identifying the correct insurance cover for your purchases.

Pre Shipment Inspection.

Make sure you receive the correct quantity and quality from your overseas seller

Sourcing

The five ways to successfully source your suppliers.

Methods of payment in International Trade

Term and sight Bills of Exchange.

Cash against documents

Documentary Letters of Credit.

Controlling your freight costs

Understanding how Air and Sea freight rates are constructed

Terms and Conditions (T&Cs)

Building the most appropriate and favourable terms and conditions into your contract

Selecting your Clearing Agent

Make sure your clearing agents gives you the specific service you require